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Candela

Stockholm, SE · Founded 2014 · 354 employees on LinkedIn · 5 known investors

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Candela designs and builds electric hydrofoil vessels that use significantly less energy than traditional boats, serving both private and public transportation markets. The company develops batteries, motors, and control systems to eliminate fossil fuels from marine transportation.

CleantechEnergyHardwareMobility & Transportation

Founders & leadership

Candela was founded in 2014 by Gustav Hasselskog.

GHGustav Hasselskog
Gustav HasselskogFounder

Investors · 5

EQT VenturesreportedLuxembourg · $2M – $50M

How we know: a partner's Signal profile · techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us

Side Door VenturesreportedFernandina Beach · $300K – $5M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Also in the syndicate · 2

International Finance Corporation (IFC)SEB Private Equity

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 1

BoatsetterBoatsetter runs a peer-to-peer boat rental marketplace that connects boat owners, renters, and licensed captains, offering boating experiences with or without a captain. It serves both first-time boaters looking to rent and owners wanting to earn income, with more than 50,000 boats across 700+ locations in the United States and abroad.

Companies working in the same space as Candela.

In the news

Flying electric vessel maker Candela raises €30M amid soaring oil pricescandela.com · Mar 2026Candela Raises $14M; Closes 40M Series C Roundfinsmes.com · Nov 2024Candela holds final close on $40m Series C funding to decarbonize waterborne transportcandela.com · Nov 2024Candela’s hydrofoiling electric boats attract $24M investmenttechcrunch.com · Dec 2021

Frequently asked questions

What does Candela do?
Candela designs and builds electric hydrofoil vessels that use significantly less energy than traditional boats, serving both private and public transportation markets. The company develops batteries, motors, and control systems to eliminate fossil fuels from marine transportation.
Who founded Candela?
Candela was founded by Gustav Hasselskog in 2014.
Who are Candela's investors?
Candela's investors include Draper Associates, EQT Ventures, Side Door Ventures.
Where is Candela headquartered?
Candela is headquartered in Stockholm, SE.